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Exclusive: Mexico’s new government may halt oil auctions indefinitely – document

Exclusive: Mexico's new government may halt oil auctions indefinitely - document© Reuters. FILE PHOTO: Mexico’s president-elect Andres Manuel Lopez Obrador gestures during a news conference in Mexico City

MEXICO CITY (Reuters) – Mexico’s incoming government is considering indefinitely suspending auctions for oil and gas projects as well as giving state-owned Pemex the authority to pick its own joint-venture partners rather than holding competitive tenders, according to policy guidelines seen by Reuters.

The document, drafted by energy advisers to leftist President-elect Andres Manuel Lopez Obrador, also recommends forging closer ties with leading oil producer cartel OPEC while withdrawing from the International Energy Agency (IEA), which represents the interest of oil-consuming countries.

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Source: Investing.com

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